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eBay to split PayPal into a separate business

ExclusiveeBay to split PayPal into a separate business

eBay has announced plans to separate its PayPal e-commerce operation from its online auction and shopping business.

PayPal was created around 15 years ago and launched on the stock market in 2002. It was acquired by eBay later that year.

ExclusiveeBay and PayPal report a good mobile year

Online marketplace eBay has reported its fourth-quarter and full-year results for 2012, with annual revenue up 21% to $14.1 billion (around £8.9 billion).

Net income was down 19% to $2.6 billion, although the Q4 2011 figures had been boosted by the company selling its share in Skype.

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